HYUNDAI MIPO DOCKYARD Investor Relations 2010 11 1

HYUNDAI MIPO DOCKYARD Investor Relations 2010. 11 1

CONTENTS I. III. IV. Overview Financial Results & Analysis Business Performance Hyundai-Vinashin Shipyard

I. Overview

Company Profile (2010. 29) Company Data Shareholder Structure • Establishment : 1975. 4. 28 • Initial share listing : 1983. 12. 20 • Shift to Shipbuilding : 1996. 01 Others • Employees : 3, 733 (as of Dec 2009) 21. 22% • Common Stock : 100 Billion Won (20 Million Shares) • Business Category: Shipbuilding Foreign Investors 30. 66% Treasury Fund 2. 05% Hyundai Samho Heavy Industries 46. 07% • Dock : No. 1~3(400 k DWT), No 4(350 k DWT) • Quay : 2. 36 Km (4 EA) • Main Product : Mid-sized PC & Container • Market Share : 27% in Mid-sized PC vessel market 1

GROUP STRUCTURE (As of October 2010) 7. 98% Hyundai Heavy Industries Shipbuilding 94. 92% 67. 49% Hyundai Samho Heavy Industries Hyundai Finance Shipbuilding Corporate finance & Investment 46. 07% Hyundai Mipo Dockyard 68. 38% Shipbuilding 55% Hyundai Vinashin Shipyard in Vietnam Ship repairing & Conversion 65. 22% Hyundai Venture Investment Hyundai Futures Investment in venture firms Financial services 100% Mipo Engineering Ship design & Engineering 83. 24% Hi Investment & Securities Business 2

II. Financial Result & Analysis

FINANCIAL HIGHLIGHTS Sales (Billions. KRW) Operating Income Ratio Net Income Ratio Liabilities-to-Equity Ratio 3

FINANCIAL Financial PERFORMANCE Performance 1. 2. Income is decreasing due to the raised steel plate price. Profit Margin is the highest among all shipbuilders in the world. (Unit: Billions of KRW) 2010. 2 Q 2010. 3 Q 2009 2008 Yo. Y 4

CAPITAL STRUCTURE 1. Liabilities to Equity Ratio Decrease (2009 : 129. 20% 2010. 2 Q : 113. 20%) (Unit: Billions of KRW) 2010. 2 Q 2009 Yo. Y 5

LONG-TERM INVESTMENT SECURITIES 1. 2. Mostly invested in Blue-Chip Stocks Increased value of investment securities (2010. 29) (Unit: Billions of KRW) Company Ownership Shares Market Value Hyundai Heavy Industries Listed Companies KCC POSCO Total 6

III. Business Performance

NEW ORDER (Unit: Thousands of USD) 2007 Vessel Amount 2008 Vessel Amount 2009 Vessel Amount 2010. 10 Vessel Amount 7

DELIVERY (Unit: Thousands of USD) 2007 Vessel Amount 2008 Vessel Amount 2009 Vessel Amount 2010. 10 Vessel Amount 8

BACKLOGS (Unit: Thousands of USD) 2007 Vessel Amount 2008 Vessel Amount 2009 Vessel Amount 2010. 10 Vessel Amount 9

5 Price Trend Newbuilding (Unit: Millions of USD) 10

CAPEX PLAN (Unit: Billions of KRW) 11

IV. Hyundai-Vinashin Shipyard

OVERVIEW Company Data Shareholder Structure • Establishment : 1996. 03. 22 • Local Partner: Vietnam Shipbuilding Union • Employees : 3, 294 (Local: 3, 246, HMD: 48) • Common Stock : US $ 33, 456, 938 • Business Category 10% 30% 5% 55% - Current: Ship Repair, Conversion & Ship Building • Dock: No. 1(80 K DWT), No. 2(400 K DWT) • Quay: 1. 35 Km (4 EA) 12

FINANCIAL PERFORMANCE. (Unit: Thousands of USD) 2007 2008 2009 2010. 2 Q Sales 132, 261 120, 372 186, 378 119, 590 Operating Income 22, 470 24, 479 49, 195 27, 522 16. 99% 20. 34% 26. 40% 23. 00% 17, 118 21, 783 40, 086 26, 800 12. 94% 18. 10% 20. 08% 22. 04% Net Income 13